Latino professionals and families are playing a growing role in shaping the U.S. economy. By 2025, the U.S. Latino economy has surpassed $4 trillion in output, making it one of the fastest-growing segments in the country. But while purchasing power is rising, gaps in saving and investing habits persist — and these gaps could impact long-term wealth creation for the community if left unaddressed.
This article explores where Latino communities stand on saving and investing in 2025, the barriers t
Hispanic Americans currently make up nearly one-fifth of the American population, according to 2022 Census data, and they are the largest racial or ethnic minority group in the country. They have also become a powerful force in the economy, having contributed an estimated $3.2 trillion of economic output in 2021, according to a report last month by the Latino Donor Collaborative — which would give them the fifth-largest GDP in the world if they were grouped as an individual nation. READ MORE AT
Financial services and the tools they provide can be invaluable for economic mobility and wealth building, but many of the benefits have been hard to reach for Latinos, many of whom live with unmet needs. While they represent about 20 percent of the US population and are a growing economic bloc, Latinos have not had access to many of the benefits of financial services. READ MORE AT MCKINSEY & COMPANY
